Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Initiatives
• Social Initiatives
• Governance

Environmental Achievements

• Implemented energy conservation measures and resource management practices to reduce carbon footprint; Rooftop solar panels for centralised water heating; Solar coated glass facades on exteriors for improved HVAC cooling; Installation of motion sensor lights in common areas, VRV and inverter type HVAC systems, LED lights and high-efficiency lighting fixtures to reduce energy consumption; Adoption of alternatives to Diesel Generators (DG) sets to avoid using fossil fuels during blackouts; Installation of charging station at all sites for Electric Vehicles (EVs), which occupies 25% of the parking spaces; Minimised use of natural woods in construction work through the use of cement-bonded boards; No toxic chemical wastage generated in business operations; Use of organic waste converters to minimize garbage volumes, which is then used as manure for horticulture; Incorporated various measures to conserve energy and minimise waste with the principle of 3Rs: Reduce, Recycle and Reuse; Ajmera Nucleus Bengaluru achieved LEED v4 Building and Construction: Core and Shell Gold Precertification

Social Achievements

• Spent ₹95,46,453 on CSR initiatives; Partnered with VSSM for Participatory Water Management Programme, desilting three lakes, increasing water capacity by 4 crore litres and benefiting ~9,100 people; Supported Mahan Trust, reducing mortality and malnutrition among women, conducting training programmes for Village Health Officers (VHO); Supported equitable education and healthcare through Shamalji Samjuben Ajmera Trust and Vijay Nagar Trust

Governance Achievements

• Implemented policies advocating integrity, transparency and accountability; Policies available on website; Implemented Code of Insider Trading Policy, Code of Conduct, Corporate Social Responsibility Policy, Whistle-Blower Policy, Risk Management Policy

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions and inflation; Geopolitical crisis; Cost escalations in commodities like cement and steel; Rising interest rates and global inflation; Increase in mortgage rates beyond 8% might lead to a push-out in demand

Mitigation Strategies

• Prudent financial practices and robust governance; Strong execution capabilities; Redevelopment opportunities; Digitization initiatives; Secured incremental project debt for Ajmera Manhattan at sub 10%; Efficient time management practices; Detailed activity planning; Scheduled resource allocation; Efficient site logistics management; Continuous manpower availability; Coordination and monitoring

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct; Supplier and Contractor Management Policies; Supplier Screening Checklist

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: LEED

Certifications: LEED and Edge certified (Ajmera Nucleus Residential)

Environmental Metrics

ESG Focus Areas

• Sustainability
• Community Development
• Corporate Governance

Environmental Achievements

• ~5% YoY Reduction in Electricity Consumption
• ~12% YoY Reduction in Third Party Water Requirement
• 516.85 MT Waste reduction

Social Achievements

• ~33,225 Total number of CSR beneficiaries
• 2043 Total training hours
• Various employee engagement programs (Townhall, Walkathon, Conversations with Management)

Governance Achievements

• Implementation of a structured digital database to mitigate UPSI risks
• Development of several policies to bolster organizational efficiency and ensure adherence to relevant laws and regulations (Code of Insider Trading Policy, Policy on Preservation of Documents, Archival Policy, Dividend Distribution Policy, Board Diversity Policy, Directors and Officers Insurance Policy, Code of Conduct, Whistle Blower Policy, Nomination and Remuneration Policy, Risk Management Policy, Corporate Social and Business Responsibility Policy, Policy for Determining Materiality of Events and Information, Policy on Prevention and Redressal of Sexual Harassment at Workplace, Related Party Transaction Policy, Safety Policy, Policy for Determining Material Subsidiaries)

Climate Goals & Targets

Environmental Challenges

• Fluctuating demand for properties influenced by macroeconomic conditions
• Regulatory compliance challenges
• Intense competition in the real estate market
• Financing challenges due to capital investment requirements and interest rate fluctuations
• Significant environmental and social impacts of real estate development
• Technological advancements challenging traditional business models
• Economic fluctuations and geopolitical uncertainties

Mitigation Strategies

• Diversifying property portfolio, conducting market research, maintaining strong financial position
• Adapting strategies, ensuring due diligence, establishing strong internal controls for compliance
• Monitoring competitors, differentiating offerings, maintaining customer loyalty
• Managing sources of funds, monitoring interest rates, ensuring credit availability
• Managing environmental and social impacts responsibly
• Adapting to online portals, embracing technology
• Prioritizing comprehensive risk management strategies, staying informed about market trends, fostering strong relationships with clients and partners

Supply Chain Management

Responsible Procurement

• Sustainable sourcing policy
• Supplier code of conduct
• Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Droughts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, SASB, NVGs, ESG Metrices

Certifications: LEED, EDGE, IGBC, OHSAS

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Business Ethics and Governance
• Business Continuity
• Supply Chain Management
• Employee Satisfaction
• Customer Satisfaction
• Corporate Social Responsibility

Environmental Achievements

• 1% Reduction in energy consumption by the end of FY 2024
• 8% Reduction in third-party water requirement by the end of FY 2024
• Became a Founding Member of the Indian Green Building Council (IGBC), aims for Green Building Certification for projects launched since FY 2023
• Zeon & Treon at Wadala received IGBC certifications

Social Achievements

• Delivered over 1,000 homes across three projects in Mumbai and Bengaluru within 24 hours
• 5,400 Total training hours
• 43,684 CSR beneficiaries
• 84% Employee engagement score (out of 100)
• `1.18 crore CSR expenditure

Governance Achievements

• 50% Independent Board of Directors
• 100% Attendance in Board meetings
• Renewed ISO 9001:2015 certification

Climate Goals & Targets

Environmental Challenges

• Fluctuating demand for properties influenced by macroeconomic conditions
• Intense competition in the real estate market
• Challenges in financing projects due to capital investment and interest rate fluctuations
• Significant environmental and social impacts of real estate development
• Competition from online real estate portals

Mitigation Strategies

• Diversifying property portfolio
• Conducting market research
• Maintaining strong financial position
• Adapting strategies to regulatory changes
• Ensuring due diligence and establishing strong internal controls for compliance
• Monitoring competitors and differentiating offerings
• Maintaining customer loyalty
• Managing sources of funds and monitoring interest rates
• Ensuring credit availability
• Managing environmental and social impacts
• Adapting to online portals and embracing technology

Supply Chain Management

Responsible Procurement

• Sustainable sourcing policies
• Supplier sustainability requirements
• Supplier code of conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IIRC, SASB, BRSR

Certifications: ISO 9001:2015

Awards & Recognition

• Steel Man of the Year
• Residential Real Estate Developer of the Year
• Integrated Township of the Year
• Ultra Luxury Lifestyle Project of the Year
• Integrated Township Project of the Year
• Lifetime Achievement Award 2023